Recent content by tiredndizzy

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    Help... Introduction of Assets & Claiming AIA?

    Thanks David, i can see the stupid error in my calculation :rolleyes: and after considering Elaines advice I can see they can mostly be classed as expenses. I did not realise that I could set a level at which to capitalise items as fixed assets, so was unsure of how to claim them. I know this...
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    Help... Introduction of Assets & Claiming AIA?

    Thanks Elaine, it is starting to make much more sense to me now :) Computer £600, Related Equip (Misc and all under £100 per item) = Expenses? Furniture, Work desk & Chair £300, Work table £100, Storage Cupboard £300, Filing Cabinets £200, Safe £100
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    Help... Introduction of Assets & Claiming AIA?

    Computers & Related Equipment £1000 Laser Printer £150 Cameras & Related Equipent £300 Tools £250 Furniture £1000 Manuals & Reference Books £300 At what point (price) do they became expense? Thanks for your time Elaine
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    Help... Introduction of Assets & Claiming AIA?

    from HMRC Items that qualify for plant and machinery allowances Tools, machinery, vehicles and other equipment you buy for your business will generally qualify for plant and machinery allowances. Some common examples include: vans...
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    Help... Introduction of Assets & Claiming AIA?

    Assuming that I spent £3000 buying new replacement equipment? Also do they have to be New? Is it not possible to claim for second hand goods? :|
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    Help... Introduction of Assets & Claiming AIA?

    These were items that I bought personally and I have used (in my own office), but which I was slowly aquiring for the intention to use for a new business. Laptops, Cameras, Laser Printer, Desks, Filing cabinets, Tools etc. Approx value all in £3000. If I cannot claim the AIA for introducing...
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    Help... Introduction of Assets & Claiming AIA?

    Hi All, I hoping for some help with a few points regarding AIA. I am planning to start a new business (sole trader). I would like to introduce to my business some assets that I already own to keep the down the intial start-up costs, such as Computers, Printers, Cameras, Tools & Furniture. I...
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    Adding personal items to business inventory

    I am planning to open a new business selling Antqies & Collectables and I need some advice as how to add items to my starting stock that I have collected over the years? I know there are several ways to do this, however which would be best for my situation? Here are the problems I am...
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    Postage - Do I class it as income?

    I Agree. I am not trying to find away to get around it. Actually, I am still setting up my business which is why I want to ensure I am doing everything correctly. Going the VAT route is still an option but one I had not planned on. I just wanted to check that I hadn't missed something...
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    Postage - Do I class it as income?

    I am a sole trader using the cash accounting method. Originally I included as part of my income as I charge more than the cost price for postage, but really what what is left over only covers the packinging etc. However I am trying to stay below the VAT threshold. Is there a way to charge it...
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    Postage - Do I class it as income?

    Sorry in advance if this is a stupid newbie question? I am to trying create a spreadsheet for my accounts but I am unsure where or how to include postage costs? are postage charges classed as income/turnover?
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    Sole trader selling goods online, what records do I keep to support my accounts?

    Thanks for your replies, both very helpful. Thanks for the tip about file exchange, I will take a look at it later.
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    Sole trader selling goods online, what records do I keep to support my accounts?

    Hi all, I am hoping for some advice. I am working on a new business which will be primarily selling goods online, via my website and ebay, with payments through Paypal. I am currently setting up my bookkeeping system and trying to find the best/easiest way to record my transactions. I...
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    Hello

    Hello to all :) My name is Marcus. I am planning on starting a new business in 2013 and I am currently doing some preperation work. I frequently end up on UK Business Forums through web searches so I figured it would make sense to join. I am hoping for some help regarding tax issues and...
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